The COVID-19 pandemic has profoundly impacted the lives of people around the world.Throughout 2020, local governments worked to restrict people’s movement to contain the spread of the disease. Lockdowns greatly impacted the daily operations of several vertical industries and limited access to different types of goods and services.Moreover,...
Numerous interesting trends emerged in Peru’s financial cards and payments industry as a result of the COVID-19 pandemic during 2020. The most important and influential of these trends was the substantial shift seen away from the use of cash and towards the use of financial cards in general. This trend needs to be assessed within the context...
Overall consumer expenditure in Austria has been negatively impacted by the COVID-19 outbreak and consequent widespread decline in demand for services, tourism and foodservice throughout the country. Consumer payments were already shifting away from cash before the pandemic, in line with ongoing technological development and rising demand...
The COVID-19 pandemic had a fairly limited impact on Norway’s financial cards and payments industry over the course of 2020. The main reason for this is that Norway’s official response to the pandemic was relatively moderate in comparison with what was seen in most other European countries. Financial Cards and Payments in Norway report...
Banks and other financial institutions in the United Arab Emirates have been impacted by the strict measures in place to limit the spread of COVID-19 in 2020. The Central Bank of the UAE directed banks to replenish ATMs with new banknotes and to ensure sufficient cash availability during the salary payment cycle. Financial Cards and...
The main impact of the COVID-19 pandemic on the Dutch financial cards and payments industry during 2020 was a major shift away from the use of cash as a payment method. Although the Netherlands was already moving away from the use of cash prior to the onset of the COVID-19 situation, an acceleration of the shift away from cash and towards...
The global fraud detection and prevention market was valued at USD 18.24 billion in 2020 and expected to reach USD 40.8 billion by 2026 and grow at a CAGR of 18.17% over the forecast period (2021-2026). The fundamental shift from physical cards, checks, and currency to digital payments, continues to transform the way consumers and businesses...
The Digital Payments Market is expected to grow at a CAGR of 13.7% over the forecast period 2021 to 2026. The demand for cashless payments, over cash, is being driven by greater convenience, favorable government policies, and evolving consumer behavior. The governments are also trying to reduce their cost of printing the currencies and counter...
Ireland Cards and Payments - Opportunities and Risks to 2024 Summary ’Ireland Cards and Payments - Opportunities and Risks to 2024’ report provides detailed analysis of market trends in the Irish cards and payments industry. It provides values and volumes for a number of key performance indicators...
France Cards and Payments - Opportunities and Risks to 2024 Summary ’France Cards and Payments - Opportunities and Risks to 2024’ report provides detailed analysis of market trends in the French cards and payments industry. It provides values and volumes for a number of key performance indicators...